RBI imposes penalty on IDBI Bank and Citibank
Mumbai/New Delhi, Mar 21 (UNI) The Reserve Bank of India has imposed monetary penalties onIDBI Bank Limited and Citibank under the Foreign Exchange Management Act (FEMA). it said in a statement on Friday. The RBI has levied a penalty of Rs 36.30 lakh on IDBI Bank Limited for not undertaking due diligence while processing the…
